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Argentina has suspended corn exports through February to secure domestic feed supplies and curb meat and dairy prices amid forecast 50% inflation. Farm associations responded by calling a trading halt from January 11 to 13.
Removing Argentina, the third-largest corn shipper, from export markets tightens world corn supply and supports corn prices, while raising the risk of further export curbs on other crops.
airfreight.newsBloombergJan 7, 2021After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
